Future Play & Playspaces MENA 2017
 
Sunday, January 22, 2017
Directory Directory Subscribe
Login
 

Egypt set to receive $500 million for social housing

 
 

Please, enter data

Please, enter data

Ahram Online, 4 January 2016

Negotiations over a $500 million loan has been finalized between Egypt and the World Bank. The loan, allocated for the 'social housing' or the 1mn residential units project, will be paid back by Egypt over the course of five years.

The project which has been unveiled early 2015 aims to build 1 million residential units across the country for low-incomers.

The Ministry of Housing will start implementing a number of residential units on an area less than 90 meters each to suit the citizens' income particularly in new cities in Upper Egyptian governorates.

Earlier, the World Bank agreed to offer Egypt $1.5 billion (LE 10.5 billion) in financing for social housing and sanitation for villages over a period of three years, housing, utilities and urban development.

The World Bank's commitment to Egypt currently includes 25 projects for a total of $4.9 billion (LE34.3 billion) as well as 43 trust fund grants worth $190.2 million (LE1.3 billion) in the sectors of energy, transport, water and sanitation, agriculture, irrigation, health and education.
Ahram Online
4 January

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Doha Festival City set for opening in March 2017
The Peninsula, 20 January 2017

This March will see the much anticipated opening of the largest entertainment and retail development in the Gulf, Doha Festival City.

When the ...

Read full story
Doha Festival City set for opening in March 2017
Egypt on track to receive IMF loan's second tranche
Reuters, 20 January 2017

Egypt is on track to receive the second tranche of a $12 billion three-year loan from the International Monetary Fund pending a visit in the end of February to ...

Read full story
Egypt on track to receive IMF loan's second tranche
Nestle signs agreement to acquire Egyptian Instant Coffee Caravan
ArabFinance, 20 January 2017

Nestlé SA announced today that it has signed an agreement to acquire Caravan Marketing Company SAE (“CMC”), a leading Egyptian instant coffee ...

Read full story
Nestle signs agreement to acquire Egyptian Instant Coffee Caravan
Back to Home Page 1191 --- 388.3 <><><> 666.8.....exvideo=0....eximage=0
P 0
BR 10

Future Play & Playspaces MENA 2017

 

 
2nd Annual Marine Data Infrastructure GCC
30 - January 2017
3rd Annual Future Landscape & Public Realm UAE
6 - February 2017
LightingTech KSA
6 - March 2017
Smart Parking Jeddah
13 - March 2017
3rd Annual RetrofitTech UAE Summit & Awards
20 - March 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Future Drainage Abu Dhabi 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Project Egypt - 9 March - 11 March 2017  
  Food Africa Cairo - 22 April - 24 April 2017  
IFP Group Events Calendar

 


Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Heavy Max
Project Qatar
Qatar StoneTech
Iraq
Iraq Agro-Food - Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved